Overdraft Coverage Options

Accidents can happen to the best of us — that’s why we offer multiple overdraft coverage options available to our members.

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Protect Your Credit

Member Benefits

Protect Your Credit

Automatic payments make sure your credit doesn’t suffer from missed payment. Avoid denied purchases and payments while protecting your credit.

No Maintenance Fees

All coverage options have no maintenance fees. You only get charged when you use them.

3 Great Options

Set up one, two, or all three overdraft protection options for free! Take advantage of these great member benefits.

The Choice Is Yours

Overdraft Coverage Options

Overdraft Protection (Link to Another Deposit Account You Have at RMLEFCU)1Overdraft Protection Line of Credit1,2Overdraft Privilege (Formerly Courtesy Pay)
Cost$2 for each transferSubject to interest; subject to credit approval$28 Overdraft Fee per item
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Overdraft Protection

Overdraft protection applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or line of credit you may have at Rocky Mountain Law Enforcement Federal Credit Union for a fee or finance charge. Please note that overdraft lines of credit are subject to credit approval.

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Overdraft Privilege

Overdraft Privilege (formerly Courtesy Pay) allows you to overdraw your account up to the disclosed limit for a fee to pay a transaction. Even if you have overdraft protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted. Please review the “What Else You Should Know” section at the bottom of this page for other important information

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Overdraft Protection

Coverage Options

Transactions Covered with Overdraft PrivilegeStandard Coverage (No Action Required)Extended Coverage (Your Consent Required on Consumer Accounts3)
ACH – Automatic Debits
Recurring Debit Card Payments
Online Bill Pay Items
Internet Banking Transfers
Telephone Banking Transfers
Teller Window Transactions
ATM Transactions3
Everyday Debit Card Transactions3

Talk to Us Today

If you would like to select Extended Coverage for future transactions you can visit any branch, call us at 303-458-6660, or complete the Extended Coverage Consent Form attached above and mail it to us at 700 W 39th Ave. Denver, CO 80216 or email it to us at member@rmlefcu.org. You can discontinue the Overdraft Privilege in its entirety by calling us at 303-458-6660 or member@rmlefcu.org.

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Protect Yourself

RMLEFCU offers three free services to protect yourself against checking account overdrafts. In this video Angie explains the difference between the Overdraft Protection & Overdraft Privilege (formerly Courtesy Pay) services and how they can be used separately or in conjunction. Save money, time, embarrassment, and aggravation by setting up Overdraft Protection and Overdraft Privilege for free with RMLEFCU.

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Stay Informed

Additional Details

A link to another account or a line of credit may be a less expensive option than an overdraft. A single larger overdraft will result in just one fee, as opposed to multiple smaller overdrafts. Good account management is the best way to avoid overdrafts. Use our mobile banking, Internet banking, and telephone banking services to keep track of your balance. For additional financial education resources, please visit www.mymoney.gov.

The $28 Overdraft Fee that is charged is the same fee amount that is charged if a check or ACH item is returned as unpaid. If multiple items overdraw your account on the same day, each item will be assessed an appropriate Overdraft Fee or a Return Item Fee of $28. All fees and charges will be included as part of the Overdraft Privilege limit amount. Your account may become overdrawn more than the Overdraft Privilege limit amount because of a fee.

For consumer accounts, there is no limit on the total Overdraft Fees per day we will charge.

This describes the posting order for purposes of determining overdrafts. Our general policy is to post items throughout the day as they are presented to us.  Posting order is paid low to high.  However, because of the many ways we allow you to access your account, the posting order of individual items may differ from these general policies. Holds on funds (described herein) and the order in which transactions are posted may impact the total amount of Overdraft Fees or Return Item Fees assessed.

Giving us your consent to pay every day debit card and ATM overdrafts on your consumer account (Extended Coverage) may result in you incurring Overdraft Fees for transactions that we would otherwise be required to pay without assessing an Overdraft Fee. However, this would allow us to authorize transactions up to the amount of your Overdraft Privilege limit and may also help you avoid overdrafts in excess of your available balance that could result in suspension of your debit card. If you consent to Extended Coverage on your consumer account, it will remain on your account until you otherwise withdraw it.

Rocky Mountain Law Enforcement Federal Credit Union authorizes and pays transactions using the available balance in your account. Rocky Mountain Law Enforcement Federal Credit Union may place a hold on deposited funds in accordance with our Deposit Account Agreement and Disclosure, which will reduce the amount in your available balance. The available balance for checks, ACH items, and recurring debit card transactions is comprised of the ledger balance, less any holds on deposited funds and any debit card holds, plus the amount of the Overdraft Privilege limit and any available overdraft protection. The available balance for ATM and everyday debit card transactions on accounts with Standard Coverage is the ledger balance, less any holds on deposited funds and any debit card holds, plus any available overdraft protection, but does NOT include the Overdraft Privilege Limit. For accounts with Extended Coverage, the Overdraft Privilege Limit is included in the available balance for authorizing ATM and everyday debit card transactions.

Please be aware that the Overdraft Privilege amount is not included in your available balance provided through Rocky Mountain Law Enforcement Federal Credit Union’s online banking, mobile banking, or Rocky Mountain Law Enforcement Federal Credit Union’s ATMs.

Rocky Mountain Law Enforcement Federal Credit Union will place a hold on your account for any authorized debit card transaction until the transaction settles (usually within three days) or as permitted by payment system rules. In some cases, the hold may exceed the amount of the transaction. When the hold ends, the funds will be added to the available balance in your account. If your account is overdrawn after the held funds are added to the available balance and the transaction is posted to the available balance, an Overdraft Fee may be assessed.

Except as described herein, Rocky Mountain Law Enforcement Federal Credit Union will not pay items if the available balance in your account (including the Overdraft Privilege limit, if applicable) is not sufficient to cover the item(s) and the amount of any fee(s).

Rocky Mountain Law Enforcement Federal Credit Union may also suspend your Overdraft Privilege limit if your account is overdrawn more than 32 consecutive calendar days. The Overdraft Privilege limit on your account will remain suspended until you make sufficient deposits so that your account balance is positive.

An Overdraft Privilege limit of $1,000 will be granted to eligible consumer checking accounts opened at least 60 days in good standing. An Overdraft Privilege limit of $1,000 will be granted to eligible business checking accounts opened at least 60 days in good standing.

Overdraft Privilege is not a line of credit; it is a discretionary overdraft service that can be withdrawn at any time without prior notice.

Overdraft Privilege may be discontinued if you default on any loan or other obligation to us, your account becomes subject to any legal or administrative order or levy, or if you fail to maintain your account in good standing by not bringing your account to a positive balance within 32 days for a minimum of one business day. You must bring your account balance positive for at least one business day to have Overdraft Privilege reinstated.

Depositor and each Authorized Signatory will continue to be liable, jointly and severally, for all overdraft and fee amounts, as described in the Deposit Account Agreement and Disclosure. The total (negative) balance, including all fees and charges, is due and payable upon demand.

We're Here to Help

If you have any questions about Overdraft Protection or Overdraft Privilege, please call us at 303-458-6660, email at member@rmlefcu.org, or visit a Rocky Mountain Law Enforcement Federal Credit Union branch.

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For your safety, we ask that you do not send any confidential information through email or our contact form, as these modes of communication are not entirely secure.

1. Call us at 303-458-6660, email Member@rmlefcu.org, or come by a branch to sign up or apply for these services.
2. Subject to credit approval.
3. If you choose Extended Coverage on your consumer account, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Overdraft Privilege Extended coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.